Saturday, June 9, 2012

>Option Open Interest for 08-06-2012

Inference
Nifty opened weak and stayed below the dotted lines for the better part of the day. The responsive buyer with the help of short covering around the last one hour took everyone by surprise and Nifty did a 100 pointer from the lows of the day to close at 5068.35, gain of 18.70 points. Today’s up-move was basically based on huge short covering and huge Open Interest addition at 5000PE level.